In a filing, First BanCorp disclosed that a U.S. bankruptcy court has denied the bank’s motion for summary judgment filed in connection with its claim to recover certain assets posted as collateral with Lehman Brothers.

Hostess said it has selected United States Bakery’s offer as the winning bid for the Sweetheart, Eddy’s, Standish Farms and Grandma Emilie’s bread brands. Hostess also said the stalking horse bid submitted by McKee Foods for the Drake’s snack cake brand will be presented for approval to the bankruptcy court.

THQ received approval from the U.S. Bankruptcy Court on the calendar to conduct bidding and complete the sale of the company following an agreement reached between the potential buyer and the committee representing unsecured creditors.